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Sector Update: Consumer
May 31, 2024 12:59 PM

03:26 PM EDT, 05/31/2024 (MT Newswires) -- Consumer stocks were mixed in late Friday afternoon trading with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.7% and the Consumer Discretionary Select Sector SPDR Fund (XLY) shedding 0.3%.

In corporate news, Boston Beer ( SAM ) shares surged 23% after The Wall Street Journal reported the company is in talks to be acquired by Japan's Suntory.

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